that drive the CO2 price very high. 5. CONCLUSIONS The Canadian oil sands industry ...industry plays little role in the World Policy because oil sands production ... they preserve a greater role for oil sands. The reason is that, lacking an effective low CO2

on incumbent industries from pricing carbon but struggle to forecast the emergence of new industries in response to that carbon price. So while a loss of jobs in energy-intensive ... will result in spillover effects that lower prices and increase production in other ... Number Pb10-12 Table 5 Household energy prices: Core scenario Average annual

in spillover effects that lower prices and increase production in other sectors ... models are good at assessing the impact on incumbent industries from pricing carbon but struggle to forecast the emergence of new industries in response to that carbon price ... Number Pb10-12 Table 5 Household energy prices: Core scenario Average annual

and welfareeffects are presented in Table D3 and Figure D2. Detailed results ... in S. 2191. While we expect the CO2-e price to fall we would in general expect welfare ...pricing. We see in Figure D2 a slight increase in the welfare cost in early years

in ‘economic welfare’ (Table 38) In this scenario market impacts are weaker than under LNF10 (all) as mentioned above. Nonetheless there is a loss in consumer welfare and a loss in the processing industry. Impacts on the budget are quite small ... Table 38: Contributions to the change in conventional economic welfare according to CAPRI simulations for the low nitrogen reduction target of 10% in IPPC farms (LNF10) vs. ND full 2020 [million €] EU27 EU15 EU12 Total Consumer money

in ‘economic welfare’ (Table 38) The change in agricultural income is one component of the total change in ‘economic welfare’ (Table 38) In this scenario market impacts are weaker than under LNF10 (all) as mentioned above. Nonetheless there is a loss in consumer welfare ... Table 38: Contributions to the change in conventional economic welfare according to CAPRI simulations for the low nitrogen reduction target of 10% in IPPC farms (LNF10) vs. ND full 2020 [million €] EU27 EU15 EU12 Total Consumer money

of allocative effects to equivalent variation Fig. 7. Welfare decomposition of equivalent ... and U services, and through induced effects on primary factors demand and prices ... those that are also more exposed to other negative climate change effects (relevant for the tourism industry), such as sea-level rise (Bosello, Lazzarin, Roson, & Tol, 2004a). Following Hanslow (2000), and Huff and Hertel (2000), we decompose the welfare changes